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7-Unit Apartment Building
For Sale
$165,000

1218 N Walnut Street, Danville, IL 61832

A three-story residential income property offers a mix of studio and one-bedroom apartments.

Property SizeContact for details
Days on Market43

Property Features for 1218 N Walnut Street

General Information

Standard status Active
Property subtype Residential Income
Zoning R-2

Units

Unit Mix 1 x studio, 6 x 1BR/1BA
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $3,054

Building Details

Year Built 1909
Stories 3
Units 7
Listing Agency: FRIDY REALTY
Listed By: Deb Fridy
Source: Fridyrealty
Added: Sep 15 Changed: Oct 25 Last Checked: Oct 26 at 3:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FRIDY REALTY

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Investment Insights

Based on property information with market context.

This three-story apartment property contains seven units: one studio and six one-bedroom, one-bathroom apartments. Built in 1909, the building has one vacant unit available for viewing.

Key Highlights

  • Seven apartments: one studio and six 1‑bedroom, 1‑bathroom units
  • Three‑story apartment building constructed in 1909
  • One of seven units is vacant and ready to show

Property Analytics

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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

588
Businesses Nearby

Demographics for 61832, IL

32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A three-story residential income property offers a mix of studio and one-bedroom apartments.
Where is this apartment building located?
The property is located at 1218 N Walnut Street Danville, IL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Seven apartments: one studio and six 1‑bedroom, 1‑bathroom units; Three‑story apartment building constructed in 1909; One of seven units is vacant and ready to show
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